On 30 June 20X0, Cook's cash book showed that he had an overdraft of $300 on his current account at the bank. A bank statement as at the end of June 20X0 showed that Cook was in credit with the bank by $65. On checking the cash book with the bank statement you find the following. (a) Cheques drawn, amounting to $500, had been entered in the cash book but had not been presented. (b) Cheques received, amounting to $400, had been entered in the cash book, but had not been credited by the bank. (c) On instructions from Cook the bank had transferred interest received on his deposit account amounting to $60 to his current account, recording the transfer on 5 July 20X0. However, this amount had been credited in the cash book as on 30 June 20X0. (d) Bank charges of $35 shown in the bank statement had not been entered in the cash book. (e) The payments side of the cash book had been undercast by $10. (f) Dividends received amounting to $200 had been paid direct to the bank and not entered in the cash book. (g) A cheque for $50 drawn on deposit account had been shown in the cash book as drawn on current account. (h) A cheque issued to Jones for $25 was replaced when out of date. It was entered again in the cash book, no other entry being made. Both cheques were included in the total of unpresented cheques shown above. Prepare a statement reconciling the balance per bank statement to the balance per cash book
On 30 June 20X0, Cook's
A bank statement as at the end of June 20X0 showed that Cook was in credit with the bank by $65. On checking the cash book with the bank statement you find the following.
(a) Cheques drawn, amounting to $500, had been entered in the cash book but had not been presented.
(b) Cheques received, amounting to $400, had been entered in the cash book, but had not been credited by the bank.
(c) On instructions from Cook the bank had transferred interest received on his deposit account amounting to $60 to his current account, recording the transfer on 5 July 20X0. However, this amount had been credited in the cash book as on 30 June 20X0.
(d) Bank charges of $35 shown in the bank statement had not been entered in the cash book.
(e) The payments side of the cash book had been undercast by $10.
(f) Dividends received amounting to $200 had been paid direct to the bank and not entered in the cash book.
(g) A cheque for $50 drawn on deposit account had been shown in the cash book as drawn on current account.
(h) A cheque issued to Jones for $25 was replaced when out of date. It was entered again in the cash book, no other entry being made. Both cheques were included in the total of unpresented cheques shown above.
Prepare a statement reconciling the balance per bank statement to the balance per cash book
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